ZaloPay e-wallet, developed by VNG Corportion, aims to open about 1,000 new points of sale in 2018, according to Phan Thanh Thao, business development director of Zalo Pay.

Run by ZION Company Limited, a member of the Viet Nam Banking Association, ZaloPay enables electronic payment for bills such as electricity, water, internet and TV as well as money transfer via QR code and connection with bank accounts for cash withdrawals or recharge.

To date, ZaloPay is accepted at many retail chains such as The Gioi Di Dong, FPT Shop, Vien Thong A, Nguyen Kim, Circle K, Family Mart, 7 Eleven, B’s Mart, Lotte Cinema, Galaxy Cinema, BHD Cinema, Viettravel and Tiki.

Thao said that ZaloPay aims to become a popular e-wallet accepted by e-commerce websites, shopping centres and even small retailers.

During Tet (Lunar New Year) holiday, ZaloPay is implementing a service to send lucky money among users.

Pham Thong, marketing director of Zalo Pay, said that Viet Nam’s mobile payment market had significant potential, given its young population and the popularity of smartphones. — VNS